Applicability of the Multi- Group Confirmatory Factor Analysis to Construction of Business Sentiment Indicators

• Authors: Białowolski, Piotr

Title variants

EN

Zastosowanie konfirmacyjnej analizy czynnikowej dla wielu grup do tworzenia wskaźników koniunktury

Abstracts

EN

The paper presents arguments that advocate for application of the multi-group confirmatory factor analysis as a tool for constructing sentiment indicators in business surveys. Reliable measurement and comparisons of the sentiment mean between periods require measurement invariance on its three basic levels-configural, metric and scalar invariance. It is hypothesized that only sets of questions that are internally coherent can serve as a group of proxies for business sentiment indicator. An attempt to construct two different sentiment indicators for manufacturing industry is performed. The results show that only for the set of coherent proxies it is possible to estimate model with measurement invariance.

Keywords

EN

Confirmatory Factor Analysis; Sentiment Indicators

• Publisher: Uniwersytet Łódzki. Wydawnictwo Uniwersytetu Łódzkiego
• Journal: Acta Universitatis Lodziensis. Folia Oeconomica
• Year: 2012
• Volume: 269

Dates

published

2012

Contributors

author

Białowolski, Piotr

other

Szkoła Główna Handlowa w Warszawie; Kolegium Analiz Ekonomicznych; Instytut Statystyki i Demografii

Identifiers

URI

http://hdl.handle.net/11089/1895